I don't have the report but commentary summarised as:
The company owns the HUB24 platform which is attracting significant net flows. HUB now has the financial maturity to translate strong top-line into highly profitable growth.
FUA estimated to grow around 160% to $14.4bn between FY17-20.
Increasing demand for financial advice is driving structural growth in the platform industry, and the company is also gaining market share because of the quality of its earnings and a shift to independence from institutional platforms.
Interestingly, Ord Minnett reduced their rating to HOLD on the 24th of Jan. They did raise their PT from $9.57 to $11.00 but expressed concern that the price had run up too hard too quickly. That was when it went to almost $12.
Good to get some more rating coverage.
Back up toward $11.90
PPSvs HUBvs OVH, page-7
Add HUB (ASX) to my watchlist
 (20min delay)
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Last
$74.87 |
Change
1.310(1.78%) |
Mkt cap ! $4.657B | |||
| Open | High | Low | Value | Volume |
| $74.75 | $75.00 | $73.90 | $17.89M | 239.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210 | $74.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.89 | 565 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| HUB (ASX) Chart |
